Sec 40a(3)
Querist : Anonymous
if i purchase following items from "x" party
sand 26000
jelly 25000
marum 28000
we pay to "x"
sand 20000
jelly 20000
marum 20000
in a single day for separately expenditure wise,
please enplane sec 40a(3) above situation
So your example ll be hit by this provision.. And no deduction ll be available as payment is made to one person exceeding Rs.20000. In a single day
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- SEC 54 OF IT ACT
- Offsetting interest income against derivative trading losses
- GST Annual Returns filing due date
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Need help with business structure for setting up a new business
- TDS applicability on Service through ECO
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
